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Biotech / Medical : CEPH -- Ignore unavailable to you. Want to Upgrade?


To: Green Receipt who wrote (839)12/22/1998 4:00:00 PM
From: Wally  Read Replies (1) | Respond to of 998
 
David: I think there will be news, and I think it will be both positive and soon - within the next 30 days. Please don't take my comments to the bank - it's strictly my opinion (best guess) and based more on gut then any semblance of science. I do expect Cephalon to emerge from it's depression, climb back up to $11-$15 on positive FDA input, and sit there until financials or more approvals catch up.
I bought back in at 8 after giving up hope for a lower bottom. It still may turn down to $6 so I wouldn't advise buying just because I decided to risk it. If it does go down to $6 without negative news, I believe it will be more tax sell-offs than a turn in the company. In my opinion, $6 would be a strong buy. I gambled on hearing good news before the New Year - that's why I bought back in at 8.
Kids - don't try this at home.
Wally